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GLOBAL ECONOMICS SCOTIABANK’S GLOBAL …
GLOBAL ECONOMICS . | scotiabank 'S GLOBAL OUTLOOK. July 3, 2018. CONTACTS. Foreign Exchange Shaun Osborne, Chief Currency Strategist The US dollar (USD) retains a firm undertone and has rather out-performed relative to our (and others) expectations over the past quarter. The currency Foreign Exchange Strategy weakened steadily through late 2017 and into early 2018 amid fears over dysfunction in Washington and a growing appreciation among investors for the Eduardo Su rez, VP, Latin America ECONOMICS (Mexico). improving fundamental prospects outside of the USA. The USD's recent rebound scotiabank ECONOMICS has been quite abrupt, however, driven by position-adjustment initially but fueled more recently by a jolt of political concerns in Europe and the ongoing focus on Qi Gao trade discussions between the US and its major trading partners.
1 July 3, 2018 GLOBAL ECONOMICS | SCOTIABANK’S GLOBAL OUTLOOK Visit our web site at scotiabank.com/economics or contact us by email at scotia.economics@scotiabank.com
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